Rovi Corporation (NASDAQ:ROVI) entered into a definitive agreement to sell its DivX and MainConcept businesses. Rovi had previously announced its intent to sell the DivX and MainConcept businesses by the end of the second quarter of 2014 as part of Rovi’s strategic efforts to focus the Company on growth opportunities related to its core entertainment discovery technologies and services. Rovi Corporation (NASDAQ:ROVI) shares after opening at $23.58 moved to $24.86 on last trade day and at the end of the day closed at $24.76. Company price to sales ratio in past twelve months was calculated as 4.44 and price to cash ratio as 4.57. Rovi Corporation (NASDAQ:ROVI) showed a positive weekly performance of 10.88%.
Guangshen Railway Co. Ltd (ADR) (NYSE:GSH) on March 27, 2014 announced the audited operating results of the Company and its subsidiaries (the “Group”) for the year ended December 31, 2013 (the “Year”).In 2013, under International Financial Reporting Standards, the Company’s operating revenue reached RMB 15,801 million, up 4.70% year-on-year. Consolidated profit attributable to equity holders reached RMB 1,274 million, with basic earnings per share of RMB 0.18. The Board of Directors recommends a final dividend of RMB 0.08 per share for 2013, which is equivalent to 44% of the basic earnings per share this year.Guangshen Railway Co. Ltd (ADR) (NYSE:GSH) shares advanced 5.13% in last trading session and ended the day on $22.14. GSH return on equity ratio is recorded as 11.10% and its return on assets is 8.80%. Guangshen Railway Co. Ltd (ADR) (NYSE:GSH) yearly performance is -2.47%.
The upcoming presidential election in Brazil is impacting the performance of Brazil stocks. Stocks like Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) are seen gaining every time opinion polls show that ratings of the current government is falling. The market is generally feeling that the present regime is not creating favorable business environment, and therefore a drop in rating of the company ends up pushing shares above. Thus, shares of Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) gained the most in six months during yesterday session when polls showed that government approval dropped to 51 percent to 56 percent. Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) shares moved up 5.94% in last trading session and was closed at $4.99, while trading in range of $4.77-$5.05. Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) year to date performance is 20.08%.
AVX Corporation (NYSE:AVX), a leading manufacturer of passive components and interconnect solutions, has announced the market availability of its new FLC Series medium power AC filtering film capacitors. Exhibiting extremely high dielectric strength in operating temperatures spanning -40°C to +85°C, FLC Series capacitors are comprised of dry, metallized polypropylene encased in a plastic case filled with flame-retardant thermosetting resin, all in accordance with UL 94. Optimized for AC voltage performance and designed for PCB mounting, the series also exhibits self-healing properties, high ripple current, and high contact reliability and is ideal for AC filtering in power converters, UPS systems, solar and wind inverters, and motor drives, among other applications. AVX Corporation (NYSE:AVX) weekly performance is 7.70%. On last trading day company shares ended up $13.98. AVX Corporation (NYSE:AVX) distance from 50-day simple moving average is 8.21%. Analysts mean target price for the company is $14.50.